EURUSD and SOYBEANS Connection! Both Looking Higher (Elliott Wave)

Gregor Horvat Wavetraders

Hello fellow traders,

Do you remember positive correlation between EURUSD and Soybeans? While EURUSD is looking higher, even Soybeans might be turning bullish after that completed weekly ending diagonal + a five-wave bullish reversal on a daily, and 1h chart.

That said, watch out for a rise on Soybeans that can be followed by EURUSD.

SOYBEANS vs. EURUSD Weekly+Daily+1h

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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